KAR Auction Services,Inc. Announces Preliminary Results of Tender Offer for Outstanding Notes

CARMEL,Ind.–(BUSINESS WIRE)–KAR Auction Services,Inc. (the “Company”) today announced preliminary results of its previously announced cash tender offer for its 10% Senior Subordinated Notes due 2015 (CUSIP No. 48238QAF2) (the “First Priority Notes”),its 8¾% Senior Notes due 2014 (CUSIP No. 48238QAE5) (the “Second Priority Notes”) and its Floating Rate Senior Notes due 2014 (CUSIP No. 48238QAD7) (the “Third Priority Notes”and,together wi

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